#159 - 0 to 55 rentals in 2 years - Loren Wernette

Ever feel like your full-time W2 job is holding you back from pursuing your real estate journey? Or maybe you’re using it as an excuse to not make that jump just yet. Today, we’re joined by Loren Wernette, who is living proof that you can enjoy the best of both worlds. In just two years, he was able to scale his business from 0 to 55 rentals -- all while managing his full-time job!

As a successful entrepreneur and educator, Loren is more than happy to share the winning mindset that changed everything for him and the steps he took to scale up to more than 50 long-term rentals. Tune in for this week’s episode if you don’t want to miss our conversations about the importance of valuing your time, the untapped potential of private money, and the key to building a strong team of property managers.

Key Takeaways:

[02:10] Loren’s Career Journey
[6:50] How Loren Went From “Someday” to Today!
[10:25] How Do You Overcome the Fear of Starting?
[13:55] The Best Thing You Can Do When Starting Out
[19:27] The Key to Starting Out Strong
[22:52] Loren’s #1 Rule in Lending
[24:20] Learning From Your First Deal
[25:10] How Loren Scaled Up Quickly
[29:15] Building a Company From Scratch
[32:40] Financing Deals Using Private Money
[41:10] Advice for Rookie Investors
[42:10] The Mindset You Need to Expand Your Portfolio
[46:50] Finally Escaping the Rat Race
[51:40] How to Select and Manage Property Managers

Loren’s Instagram: https://www.instagram.com/dadlifeloren/
Loren’s Email: [email protected]

Show Links: 

Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals

Living Off Rentals Website -www.livingoffrentals.com

Living Off Rentals Instagram -www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals